Low voltage motor control centers such as busbars are used in utilities facilities to deliver power to buildings and industrial applications to delivery power to electrical loads. They are also an advanced alternative to traditional cabling which provides numerous advantages such as savings on time, space and cost. They have applications in various industries such as oil & gas, water and wastewater, power and utilities, mining and many more. This report studies the current and future aspects of the low voltage motor control centers market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the low voltage motor control centers market. The scope of this report covers the low voltage motor control centers market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

The global low voltage motor control centers market is growing at a steady pace during the forecasted period mainly because of increasing industrial automation and rise in the power sector worldwide. There is an increasing usage of low voltage electric motors in various industries to increase industrial plant uptime which is contributing towards the market growth.

The motor control centers provide various benefits such as space, time and cost, which are promoting the market growth. However, the stagnancy in the oil & gas sector is hampering the growth of the low voltage motor control centers market as they affect the capital budgets.

The global low voltage motor control centers market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor of low voltage motor control centers market. Factors such as rising industrialization and urbanization, and increasing demand for electricity are some of the major reasons that are promoting the market growth in the region making it the most dominant of all.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s low voltage motor control centers market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.